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| Content Provider | IEEE Xplore Digital Library |
|---|---|
| Author | Shuye Teng Jun Yu Johnson, L. Mickey, J. |
| Copyright Year | 2004 |
| Description | Author affiliation: Electr. Reliability Council of Texas, USA (Shuye Teng; Jun Yu; Johnson, L.; Mickey, J.) |
| Abstract | Bid price overlap refers to the phenomenon that down bids are higher than up bids in a market. The ERCOT market is a bilateral market and only about five percent of energy required by the system is purchased through the ERCOT balancing energy market. The ERCOT market deploys both balancing energy up and balancing energy down services, and overlapped balancing bids exist in the market. This study provides a thorough investigation into various types of balancing bid overlap and reveals the crux of the problem. It offers solid conclusions for ERCOT power market administrators to guide market behavior by looking through the superficial phenomena and focusing on the real problem underneath. This study may be the first documentation and analysis on bid price overlap and thus provides interesting conclusions to market players in various fields. |
| Starting Page | 262 |
| Ending Page | 267 |
| File Size | 559687 |
| Page Count | 6 |
| File Format | |
| ISBN | 0780382374 |
| DOI | 10.1109/DRPT.2004.1338504 |
| Language | English |
| Publisher | Institute of Electrical and Electronics Engineers, Inc. (IEEE) |
| Publisher Date | 2004-04-05 |
| Publisher Place | China |
| Access Restriction | Subscribed |
| Rights Holder | Institute of Electrical and Electronics Engineers, Inc. (IEEE) |
| Subject Keyword | Portfolios Job shop scheduling Power markets Load forecasting Energy resolution Energy management Councils Power generation Solids Documentation |
| Content Type | Text |
| Resource Type | Article |
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